Entrepreneur
Name
Chelangat
Member since
January 2014
On-time repayments
174 installments • 84%
About Me
I am a lawyer by profession and practise law, i am also a starter farmer and i am interested in furthering my farming. I am the first born in a family of 7 children and come from Kericho County. I started a business since i was not satisfied with employment and i needed to earn more that my salary and also realize my potential. From my earnings, i invest in a little farming. I have currently bought a dairy cow that i intend to start my dairy farming with. I live in nairobi but my farm is in kericho and i have to travel to kericho often to check on things at the farm.
My Business
I have been involved in chicken farming, growing of sweet potatoes as well. At the moment, my chicken have reduced in number and production has been low. The source of income from chicken has been dwindling due to reducing stock and the price of eggs has not been favourable. Cost of production has been quite high. I would like to use the loan to continue my vegetable business. I have leased 10 acres of land in Narok where i have already planted vegetables in the nursery and will be transplanting them soon. The availability of water is the main issue as it is a semi arid area. We are relying on irrigation and we have to pump water from the rivrer to the farm which is about 1.2kms away from the farm. This make production costs slightly higher than in other areas where there is sufficient rain.
Vegetables are always in high demand as it is a staple food in Kenya. My typical costs are on seeds, fuel for the pump, food for the workers, fertilizer, pesticides and accommodation for the workers. The revenue is about 30 to 50 ksh per kilo of vegetables.
I will use the income from the vegetables to pay school fees for my son and also expand the farming to chili farming where there is better prices than vegetable farming.
This loan will help me to buy fertilizer to use for transplanting the vegetable as there is need to hire extra people to transplant 10 acres of vegetables. I currently have 3 workers in the farm who are permanent.
Loan Proposal
I have enrolled in a Master's degree at the University of Nairobi and currently i am at a point where i am required to choose a topic and work on my proposal. I have already chosen a topic and i have done the proposal. I am remaining with the rest of the body of the thesis which requires data collection in the field. Going to the field and collecting data required money and this money will be used to ire two researchers to conduct interviews, distribute and collect questionnaires from the respondents.
I am therefore applying for this loan to enable me do my data collecting effectively and submit a report on my findings. I am appealing to the investors to afford me this chance to complete my thesis and graduate with a Master's degree.
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Loan Info
Project Type
Classic Loan
Disbursed amount
$449.00
Date disbursed
Jun 19, 2017
Repayment status
On Time
Projected term
13 months
Other loans
Lenders
United States
Jake Gibson and Beverly Picardo
San Francisco, United States
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